Legacy Reserves gets commitments to increase credit facility

By Sara Rosenberg

New York, Nov. 21 - Legacy Reserves LP has received commitments from two banks to increase its credit facility to $410 million from $383.76 million, according to a news release.

However, the increase is subject to the execution of assignments of maximum credit amounts from the current nine members of the company's bank group to the two new banks.

Legacy is a Midland, Texas-based oil and natural gas limited partnership.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.